Month: May 2025

  Five players scored in double figures and Al Ahli Tripoli (Libya) beat Nairobi City Thunder (Kenya) 104-91 at BK Arena in Kigali, Rwanda last night, which gave them their fourth straight win in the Nile Conference and a guaranteed slot in the 2025 Basketball Africa League (BAL) Playoffs (https://BAL.NBA.com/). Al Ahli will join Al Ittihad (Egypt), Rivers Hoopers (Nigeria), 2022 BAL champion US Monastir (Tunisia), the defending champion Petro […]

 The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, today announced the signing of a EUR 37 million Non‑Honoring of Sovereign Financial Obligations (NHSFO) policy in support of an Islamic financing facility provided by Standard Chartered for the landmark Nakkaş‑Başakşehir Motorway Project in Türkiye. The policy was signed on the sidelines of the IsDB Group Annual Meetings 2025 […]

 The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, today signed an endorsement to the Non‑Honoring of Sovereign Financial Obligation (NHSFO) insurance policy with Standard Chartered (Hong Kong) Limited and others. The endorsement supports an additional EUR 130 million Murabaha facility to the Ministry of Finance and Budget of the Republic of Côte d’Ivoire, building on […]

 Bienvenido Nguema Envo, CEO of Equatorial Guinea’s national oil company GEPetrol, has been confirmed as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place from September 29 to October 3 in Cape Town. His participation comes at a pivotal moment for Equatorial Guinea as the country undertakes bold steps to revitalize its oil and gas industry, attract new investment and strengthen energy security across West […]

 The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org/), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, announced —on the sidelines of the IsDB Group Annual Meeting 2025 in Algiers—the signing of a Specific Transaction Policy (STP) for Royal Boskalis (Boskalis), valued at USD 40 million.  The agreement, signed by Dr. Khalid Khalafalla, CEO of ICIEC, underpins a project critical to […]

 The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is pleased to announce a landmark collaboration with the Nigerian Export-Import Bank (NEXIM). The two entities signed a Memorandum of Understanding (MoU) for cooperation during the IsDB Group Annual Meetings 2025, held in Algiers, Algeria. The signing ceremony, attended by senior officials from both […]

 Craig Miller, CEO of mining company Anglo American Platinum, has been confirmed to speak at the upcoming African Mining Week 2025 conference. During the event, Miller is expected to shed light on the company’s strategy in Africa as well as the continent’s pivotal role in strengthening the global PGM supply chain. Miller will speak on a panel titled: South Africa’s Strategic Influence in the Global Platinum Group Metals Market. Taking […]

 With global demand for critical minerals such as lithium, cobalt and copper reaching unprecedented heights, Africa’s vast mineral reserves have placed the continent at the center of the global energy transition. From powering electric vehicles to supplying renewable energy infrastructure, these resources are essential to the world’s low-carbon future – and Africa holds many of the keys. As the world races to secure stable, long-term access to these minerals, the […]

 The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, today announced the renewal of a reinsurance treaty arrangement with the Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX) for the 2025 underwriting year. The signing ceremony was held on the sidelines of the IsDB Group Annual Meetings 2025 in Algiers. The agreement […]